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Author : Kjell J. Havnevik
Publisher : Unknown
Page : 196 pages
File Size : 41,5 Mb
Release : 1987
Category : Business & Economics
ISBN : STANFORD:36105040709516
Author : Kwame Akonor
Publisher : Routledge
Page : 178 pages
File Size : 53,6 Mb
Release : 2013-09-13
Category : Political Science
ISBN : 9781135525965
Ghana was one of the first African countries to adopt a comprehensive IMF reform program and the one that has sustained adjustment longest. Yet, questions of Ghana's compliance - to what extent did it comply, how did it manage compliance, what patterns of non-compliance existed, and why? - have not been systematically investigated and remain poorly understood. This book argues that understanding the domestic political environment is crucial in explaining why compliance, or the lack thereof, occurs. Akonor maintains that compliance with IMF conditionality in Ghana has had high political costs and thus, non-compliance occurred once the political survival of a regime was at stake.
Author : Fredoline O. Anunobi
Publisher : University Press of Amer
Page : 338 pages
File Size : 47,6 Mb
Release : 1992-01-01
Category : Business & Economics
ISBN : 081918795X
The accelerated inflation and large payment imbalances that have plagued the world economy in recent years have created new challenges for economic policy. Institutions such as the International Monetary Fund have found themselves operating in a global environment different from that for which they were originally designed, and developing countries have found their aspirations threatened by large increases in their payment deficits. There have been wide disagreements about the most suitable policy responses by developing countries to these problems and about the appropriateness of the stabilization programs favored by the IMF. This book argues that the strong opposition to International Monetary Fund macroeconomics stabilization policies in Africa indicate how difficult and painful it is to put an over-indebted economy on its feet within a short period of time. Contents: Introduction; The Historical Foundation and Theoretical Considerations of the International Monetary Fund: Third World Perspective; The Historical Impact of British Colonial Rule in Nigeria; the Post-Colonial Economy of Nigeria and the National Development Plan; The Origin and Development of the Economic Crisis in Nigeria; the History and Evolution of the IMF, Its Operation and Policy Conditionalities; The IMF, the World Bank and the Sudanese Economy; The International Monetary Fund and the Zambian Debt Problems; African Economic Crisis and the International Monetary Fund Response; The Buhari's Foreign Exchange Regulation: An Alternative to International Monetary Fund Policy Prescriptions; Babangida's Government and the Nature of the International Monetary Fund Involvement in Nigeria; As We See It: Concluding Assessments and Recommendations; Appendix; Bibliography; Index. International Monetary Fund Policy.
Author : United States. Congress. House. Committee on Foreign Affairs. Subcommittee on Africa
Publisher : Unknown
Page : 108 pages
File Size : 52,6 Mb
Release : 1984
Category : Africa
ISBN : STANFORD:36105063183011
Author : Jacques Jacobus Polak
Publisher : Unknown
Page : 90 pages
File Size : 42,6 Mb
Release : 1991
Category : Business & Economics
ISBN : UCSD:31822008082232
Author : Anthony Leysens
Publisher : Unknown
Page : 166 pages
File Size : 53,8 Mb
Release : 1994
Category : Economic assistance
ISBN : STANFORD:36105070483719
Author : James M. Boughton,Domenico Lombardi
Publisher : Oxford University Press
Page : 330 pages
File Size : 41,9 Mb
Release : 2009-06-25
Category : Business & Economics
ISBN : 9780199239863
An interdisciplinary collection of essays from leading academics and experts addressing how the IMF can support economic growth, poverty reduction, and macroeconomic stability in the world's poorest regions.
Author : UGWUMBA EGBUTA
Publisher : GRIN Verlag
Page : 17 pages
File Size : 50,9 Mb
Release : 2019-04-03
Category : Business & Economics
ISBN : 9783668914186
Academic Paper from the year 2019 in the subject Economics - International Economic Relations, , language: English, abstract: This work analyzes Africa’s development crisis and the role of external lending institutions conerning the perspective in Nigeria. African countries came out of colonial rule with two major challenges related to achievement of sustainable development and unity in the continent. It decided to pursue unity which was a means to development. However, the prospects of development was inhibited or truncated by the outbreak of inter and intra-state conflicts that followed independence. To rebuild their economies, African countries resorted to borrowing from the Bretton Woods Institutions: the World Bank and the International Monetary Fund (IMF) and other international financial institutions. To this end, long and short-term loans were given to African leaders who either misapplied the facilities or could not cope with the conditionality associated with economic reform policies. It is in this light that this article interrogates the undercurrents of these conditions attached to the loans on Africa, with insights from the Nigerian experience. It unravels how the application of the loans and the reform policies complicated rather than addressing the developmental malaise that bedevilled post-colonial African states for which the loans were sought for in the first instance. The article further questions the rationale behind the acceptance of these loans by African leaders and why it has consistently favoured borrowing as a means of solving the continent’s development challenges. It recommends, among other options, the evolvement of an alternative funding arrangement from within the continent devoid of external loan trappings. More importantly, having an effective tax system devoid of corruption, purposeful political leadership that will manage the financial sector will help the nation avert similar trend in future. Through these, resources will come from diverse sources that will help the continent develop, since events of the past has proven that these institutions operate loan policies that are not favourable to the developing countries. Above all, efforts should be made to strengthen institutions of government, especially, the anti-corruption and crimes ones to bring about financial accountability regime.
Author : Ms.Catherine A. Pattillo,Ms.Anne Marie Gulde,Mr.Kevin Joseph Carey,Ms.Smita Wagh,Mr.Jakob Christensen
Publisher : International Monetary Fund
Page : 62 pages
File Size : 50,6 Mb
Release : 2006-08-28
Category : Business & Economics
ISBN : 1589065654
Financial sectors in low-income sub-Saharan Africa (SSA) are among the world's least developed. In fact, assets in most low-income African countries are smaller than those held by a single medium-sized bank in an industrial country. The absence of deep, efficient financial markets seriously challenges policy making, hinders poverty alleviation, and constrains growth. This book argues that building efficient and sound financial sectors in SSA countries will improve Africa's economic prospects. Based on a review of the key features of financial systems, it discusses the main obstacles and challenges that financial structures pose for SSA economies and recommends steps that could address major shortcomings in implementing the reform agenda.
Author : International Monetary Fund. Independent Evaluation Office
Publisher : International Monetary Fund
Page : 112 pages
File Size : 53,5 Mb
Release : 2007-04-13
Category : Business & Economics
ISBN : STANFORD:36105123529187
Introduction ; Country Policies and Programs ; Accommodation of Aid ; Analysis of Aid ; Key Features Agenda ; IMF Relationship Management in Sub-Saharan Africa ; The Authorities ; Donors ; Multilateral Partners ; Civil Society ; Institutional Drivers of IMF Behavior ; Executive Directors ; Management ; Operational Staff ; Findings and Recommendations ; Findings ; Recommendations.
Author : Bade Onimode,Institute for African Alternatives
Publisher : Unknown
Page : 264 pages
File Size : 52,5 Mb
Release : 1989
Category : Business & Economics
ISBN : UOM:39015015306270
V. 1. The economic impact -- v. 2. The social and political impact.
Author : Erica R. Gould
Publisher : Stanford University Press
Page : 308 pages
File Size : 55,7 Mb
Release : 2006
Category : Political Science
ISBN : 0804752796
analyzes the changes in conditions placed on International Monetary Fund loans to states over the last fifty years and argues that the changes can be explained by shifts in the sources of the IMF's funding.
Author : Daria Zakharova,Annalisa Fedelino
Publisher : International Monetary Fund
Page : 32 pages
File Size : 49,8 Mb
Release : 2006-05
Category : Business & Economics
ISBN : UCSD:31822034379412
We survey quantitative fiscal conditionality in selected sub-Saharan African PRGFsupported programs, and assess the conditionality against some possible benchmarks and best practices. While noting many caveats, the paper suggests some possible scope for further attuning of this conditionality to countries' specific macro-fiscal situations. The paper also offers some suggestions on how quantitative fiscal conditionality might be further enhanced.
Author : Edwin M Truman
Publisher : Columbia University Press
Page : 124 pages
File Size : 47,5 Mb
Release : 2006-02-15
Category : Political Science
ISBN : 9780881324679
The International Monetary Fund (IMF) is in eclipse as the preeminent institution promoting international economic and financial stability. Successful reform of the IMF must engage the full spectrum of its members. The IMF should not focus primarily on its low-income members and the challenges of global poverty nor should it focus exclusively on international financial crises affecting a small group of vulnerable emerging-market economies. Instead, it must be engaged with each of its members potentially on the full range of their economic and financial policies and play a central role in shaping global economic performance. This important new book strongly argues that systemically important countries, starting with the Group of Seven, must support the IMF in this role. Its recommendations cover all key aspects of IMF responsibilities and operations: (1) In the crucial area of governance, the membership of the IMF should promptly address the reallocation of IMF shares (voting power) and the reallocation of chairs (representation on the IMF executive board), and it is time to discard the old conventions and to adopt a merit-based approach to the choice of the IMF's leadership; (2) mechanisms should be put in place to increase the IMF's leverage over systemically important members, and the IMF must act more forcefully in discharging its responsibility to exercise firm surveillance over members' exchange rate policies; (3) the Fund's central role in external financial crises should be reaffirmed; (4) the IMF should narrow and refocus its involvement with its low-income members; (5) the IMF's activities should be updated with respect to members' capital account policies and financial sectors; and (6) the IMF should put in place procedures for borrowing from the market to guard against the possibility that it will not receive timely increases in its quota resources.
Author : Joshua Mugyenyi
Publisher : Unknown
Page : 19 pages
File Size : 54,8 Mb
Release : 1990
Category : Debts, External
ISBN : OCLC:27178609
